Trump Tax Hike for the Middle Class

[jgoens]

Originally Posted by TheAxiom

This is absolutely false and contrary to the facts/studies on this matter.

Troll statement....but I will answer as I always have enjoyed our debates. Since you say that my statement is absolutely false, and assume you mean every part of what I said, I would assume you think businesses such as Pharm operate under the assumption that breaking even would be fine and normal.

So, where would they get their funding for research? If it was not for shareholders pouring money in and then the huge markups how would they invest millions in development? The govt.?

I am in no way agreeing with the system and have complained that prices are inflated, however, this is the reality.

These companies hardly operate out of the goodness of helping people...compare their motivation to something like NASA, which does research for the simple reason of human curiosity. Last time I checked the billions spent on missions to other planets has not turned much of a profit.

[PoorLurker]

Originally Posted by CreoUCLA

For a primary SFR/condo, There are Jumbo loan programs that allow a 10% down payment (depending on the scenario), but you pay through the nose in the higher rate.

3% down typically is capped at a $453,100 loan amount (starting in 2018) through Fannie Mae.

3.5% down FHA is capped at a $679,650 loan amount (starting in 2018) in L.A./Orange counties.

Yikes! Would have to pay nearly $30k in PMI!

Take this BAY AREA people! Sold As Is (meaning it's probably not too nice)

Or this other place in San Gabriel! (Better to live in Calabasas then your kids won't have an accent)

[jgoens]

Originally Posted by SakhirM4

In Austin, TX a $750k home is way above middle class. Middle class homes cost about $350k - $400k for 3800 sq ft, 4 bd, 4 bath, 2 car garage, etc.

$350k - 400K home:



Attachment 1742752



$750k home

Attachment 1742753

Hate seeing those pics--my house is valued at $1.2+ mil and looks nothing like that. Around here a house like that is probably at least $3 mil to start.
Wife does some staging and last week staged a house valued at $14 mil...it sold in 4 days. Homeowner via the agent paid $35K for the 4 days stage job..just to put it in perspective.

[KenB925]

Originally Posted by PoorLurker

Yikes! Would have to pay nearly $30k in PMI!

Take this BAY AREA people! Sold As Is (meaning it's probably not too nice)

Or this other place in San Gabriel! (Better to live in Calabasas then your kids won't have an accent)

Houses on the peninsula and anywhere near the new Apple/Facebook/Google campuses are nuts like that too.

[bimmer456]

Originally Posted by PoorLurker

Yikes! Would have to pay nearly $30k in PMI!

Take this BAY AREA people! Sold As Is (meaning it's probably not too nice)

Or this other place in San Gabriel! (Better to live in Calabasas then your kids won't have an accent)

This is all about location, how much would you pay for a house like this in Beverly Hills? The San Marino house might be nicer than it looks in the pics, one of those houses that's bigger and nicer on the inside than what you see from the street. These are rich asian/white neighborhoods for those not in the know, and many of your neighbors have huge mansions, the top school district in CA. For San Gabriel, it's the proximity to San Marino but the school district might not be San Marino so you have to be careful with those, still it's over a mill.

[Ross61]

The only middle class getting shafted by this tax bill are those in financially poorly run states like CA and NY (democratically run states). This is not a question about Republican, Democrat, rich, middle, poor or lack, brown, white - this is about a bunch of democrats who have ran headlong to socialism and away from America and OUR country.

If this tax cut hurts you you are either making $1.5M+ or in a state which is/has been/will continue stealing your monies for their power.

[jgoens]

Originally Posted by Ross61

The only middle class getting shafted by this tax bill are those in financially poorly run states like CA and NY (democratically run states). This is not a question about Republican, Democrat, rich, middle, poor or lack, brown, white - this is about a bunch of democrats who have ran headlong to socialism and away from America and OUR country.

If this tax cut hurts you you are either making $1.5M+ or in a state which is/has been/will continue stealing your monies for their power.

Get real bro..not nearly close to making 1.5...looking forward to my tax raise as are most Americans. Us middle class will support the billionaires.

[RickFLM4]

Originally Posted by jgoens

Get real bro..not nearly close to making 1.5...looking forward to my tax raise as are most Americans. Us middle class will support the billionaires.

Most Americans are expecting to see decreases and that’s what they will get.

[nmgunner]

Originally Posted by jgoens

Get real bro..not nearly close to making 1.5...looking forward to my tax raise as are most Americans. Us middle class will support the billionaires.

Seriously. I am so sick of hearing this. This is better than the status quo. My parents started a company 35 years ago. Watched them work 7 days a week growing up. Now my kids watch me work seven days a week running the company my parents started. I will take any tax relief my company can get. I am not a billionaire and I employ a lot of middle class and hope to employ more with the drop in my corporate rates.

[wdb]

Originally Posted by jgoens

Get real bro..not nearly close to making 1.5...looking forward to my tax raise as are most Americans. Us middle class will support the billionaires.

Nope.

Originally Posted by RickFLM4

Most Americans are expecting to see decreases and that’s what they will get.

Yep. This will be a popular event come April. It increases the deficit, and there are a bunch of add-ons that have nothing to do with taxes and everything to do with ultraconservative agenda items, but the connection there will be forgotten and "trump tax bill" will be popular.

[NemesisX]

Originally Posted by jgoens

Get real bro..not nearly close to making 1.5...looking forward to my tax raise as are most Americans. Us middle class will support the billionaires.

Someone as misinformed as you doesn't make anywhere near enough money to see any kind of tax hike.

[Taskmaster]

Originally Posted by MKSixer

The AMA has almost zero relevance with physicians and their membership is down markedly because they have failed in their primary mission of being an advocacy group for physicians.

If the ACA was a good compromise in their eyes why did almost no one take the insurance? The theory is fine but the resultant law execution was horrible.

PM me if you head this way. My buddy just opened a bar and restaurant and is having a big party. Place seats about 125.

Son of a bit...

[jgoens]

Originally Posted by RickFLM4

Most Americans are expecting to see decreases and that’s what they will get.

Originally Posted by nmgunner

Seriously. I am so sick of hearing this. This is better than the status quo. My parents started a company 35 years ago. Watched them work 7 days a week growing up. Now my kids watch me work seven days a week running the company my parents started. I will take any tax relief my company can get. I am not a billionaire and I employ a lot of middle class and hope to employ more with the drop in my corporate rates.

Originally Posted by wdb

Nope.

Yep. This will be a popular event come April. It increases the deficit, and there are a bunch of add-ons that have nothing to do with taxes and everything to do with ultraconservative agenda items, but the connection there will be forgotten and "trump tax bill" will be popular.

Originally Posted by NemesisX

Someone as misinformed as you doesn't make anywhere near enough money to see any kind of tax hike.

My taxes go up every year no matter what anyone says. I know what I pay and you guys do not. As my ultra-conservative Trump voting friend said, " it doesn't matter, they will get you somewhere." And as a side note, I hardly think the tax reform has much to do with Trump--it is a Republican bill--they wrote it and that's what they want. He's just happy to sign in a major piece of legislation. I'll let you guys know how much more I have to pay later.

[MKSixer]

Originally Posted by TheAxiom

Son of a bit...

We had a good time!!

[jgoens]

Originally Posted by MKSixer

We had a good time!!

Thanks for the invite, Mr. Prancer.

[MKSixer]

Originally Posted by jgoens

Thanks for the invite, Mr. Prancer.

You have an open invitation...to Prancercise.

[jgoens]

Originally Posted by MKSixer

You have an open invitation...to Prancercise.

Fail...well, if you come to the bay area let me know and you can come by the restaurant. Make sure to PM me. And Prancer is not invited. You can bring the AX TheAxiom if you want.

[wdb]

Dude. Prancer will make the party jump.

[scostu]

Originally Posted by MKSixer

The AMA has almost zero relevance with physicians and their membership is down markedly because they have failed in their primary mission of being an advocacy group for physicians.

+1

My wife practicing (15 yrs)and her older sister(22yrs) are both Board Certified ER/Trauma doctors in Florida. Both have memberships with AOBEM and AOA.

Both women disliked Obamacare because it did NOT improve quality of healthcare for patients. It allowed health insurance windfall dollar amounts to Insurance providers by being subsided by the federal government (....taxpayer $$$). They both said the metrics now being enforced by the government were unrealistic...(ie.. door to Doc times).

Both of them complained that they were now forced to spend less time with patients to comply with Obamacare metrics and were penalized with repeat offender patients (ie... the drug seekers and patients that were either too lazy to take their meds or follow up with their Primary Care providers).

[nmgunner]

Originally Posted by jgoens

My taxes go up every year no matter what anyone says. I know what I pay and you guys do not. As my ultra-conservative Trump voting friend said, " it doesn't matter, they will get you somewhere." And as a side note, I hardly think the tax reform has much to do with Trump--it is a Republican bill--they wrote it and that's what they want. He's just happy to sign in a major piece of legislation. I'll let you guys know how much more I have to pay later.

I never said I know what you pay. I know that my corporation will pay less. That’s what matters to me and the people I employ. The individual rates are a side show, it’s the corp rates that matters. No need to let me know how much more you will pay later because it is irrelevant to me.

[gatorfast]

Originally Posted by jgoens

My taxes go up every year no matter what anyone says. I know what I pay and you guys do not. As my ultra-conservative Trump voting friend said, " it doesn't matter, they will get you somewhere." And as a side note, I hardly think the tax reform has much to do with Trump--it is a Republican bill--they wrote it and that's what they want. He's just happy to sign in a major piece of legislation. I'll let you guys know how much more I have to pay later.

Are you talking about your tax dollars or effective rate? If you make more money each year then obviously you will pay more tax generally speaking.

But if your income hasn't changed year over year you will likely see a decrease next year. Not sure if you are just making partisan statements or perhaps don't have a good understanding of how income taxes are calculated but the majority of people will see a decrease in their effective tax rates.

[Taskmaster]

Originally Posted by MKSixer

We had a good time!!

I was legitimately pissed. I didn't check the forums since that last post, so I missed it.

It turned out fine (went to a local spot, and it actually spawned to a great night) but I probably would have explored other options.